SBL Collateral Monitoring Lead

Flagstar Bank • New York, NY

22h • $80,939 - $150,240

About The Position

The SBL Collateral Monitoring Lead is responsible for supporting both the build-out and ongoing operations of the Bank’s collateral monitoring function. This role has a dual mandate: 1. Implementation & Design (early stage): Participate in the integration, testing, and rollout of the collateral monitoring system, processes, and procedures as part of the bank’s new SBL platform. 2. Daily Collateral Operations (ongoing): Ensure accurate, timely, and risk-aligned monitoring of pledged collateral for SBL facilities, while delivering exceptional service to internal partners and maintaining the highest standards of control, data accuracy, and responsiveness. The ideal candidate is detail-oriented, analytical, organized, and comfortable operating in a build-from-scratch environment. They will be a partner to Credit Risk, Legal, Operations, Technology, Private Client Advisors/PCGs, and external vendors. Over time, this role will manage a team of collateral monitoring professionals. The Base Salary Pay Range for this role will be between $80,939-$150,240 depending on individual qualifications and geographical location.

Requirements

• Undergraduate Degree (4 years or equivalent) Bachelor’s degree in Finance, Economics, Business or related field.
• 6+ Years of experience in collateral monitoring, lending operations, or securities-related functions (SBL, margin lending, brokerage operations, private banking operations, or similar).
• Strong understanding of securities products, market valuations, margin mechanics, and risk concepts.
• Proficiency in Excel; comfort learning new systems and tools.
• Excellent communication skills and the ability to explain technical concepts to non-technical audiences.
• Exceptional attention to detail, accuracy, and ability to manage time-sensitive workflows.
• Familiarity with SBL advance rate schedules, margin call tiers, Reg U concepts, and pledged asset controls.
• Experience in a private banking, wealth management, or institutional lending environment.

Nice To Haves

• Experience working on system rollouts or platform implementations (UAT, testing, process design).
• Experience with collateral monitoring platforms, or data vendors.

Responsibilities

• Participate in the end-to-end implementation of the Bank’s collateral monitoring system, including requirements gathering, UAT, workflows, exception handling, and reporting automation.
• Help draft and refine collateral monitoring procedures, process flows, control frameworks, and escalation paths.
• Support system integration activities, including testing data feeds, API validations, and exception reconciliation.
• Identify system gaps, propose solutions, and raise issues in a timely manner during testing and pilot phases.
• Execute daily collateral monitoring: updates, margin status, securities eligibility checks, concentration limits, and exception reviews.
• Research and manage Shortfalls/Legal Status and communications.
• Escalate issues to Head of SBL, Credit, and Risk teams according to established protocols.
• Prepare and distribute daily/weekly/quarterly internal dashboards and reports, including stress test outputs, volatility monitoring, exposure summaries, and KPIs.
• Serve as point of contact for collateral-related inquiries from Private Client Groups (PCGs), bankers, advisors, and internal stakeholders.
• Provide clear explanations on margin calls, eligibility rules, collateral movements, and pledge mechanics.
• Partner with the Head of SBL and Operations teams to resolve complex sensitive collateral issues.
• Process collateral-related transactions including pledge requests, collateral booking, and releases, ensuring accuracy and proper audit trail.
• Accurately evaluate daily servicing transactions (i.e., line advances, collateral withdrawals, paydowns and payoffs), engaging appropriate stakeholders.
• Review and validate loan-level and security-level overrides in line with policy, internal governance, and system controls.
• Performs special projects, and additional duties and responsibilities as required.
• Consistently adheres to regulatory and compliance policies and standards linked to the job as listed and complete required compliance trainings.
• Accountable to maintain compliance with applicable federal, state and local laws and regulations.

Benefits

• Flagstar provides teammates access to a variety of benefits including medical, dental, vision, life, and disability insurance, as well as a comprehensive leave program.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level